Use the Fact Situation in Q2 to Answer the Related

question 46

Multiple Choice

Use the fact situation in Q2 to answer the related question that follows. Assume that by March 2009,the company's business was starting to recover,but the company was still insolvent.In this case,instead of voluntarily assigning itself into bankruptcy,General Widgets could have

• A)made a commercial proposal.
• B)commenced winding-up proceedings.
• C)made a consumer proposal.
• D)obtained a receiving order.
• E)all of the above

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Definitions:

Milk Suppliers

Entities involved in the production and distribution of milk and milk-related products to consumers and businesses.

Rental Price

The amount of money charged for the temporary use of a property or equipment.

Excess Supply

A market condition where the quantity of a product offered for sale by producers exceeds the quantity demanded by consumers.

Blu-Ray Disc Rentals

The service of providing Blu-Ray discs, which contain high-definition video content, for temporary use to customers for a fee.